The Prime Minister<\/a>‘s bold move to demonetise high-denomination notes and replace these with new ones with high-security features is an important step to deflate India’s shadow economy,” Gates said while delivering the Niti (National Institution for Transforming India) Aayog lecture on ‘Transforming India’ here on Wednesday. <\/p>\nLauding the Aadhar Card scheme and Pradhan Mantri Jan Dhan Yojna for helping the disadvantaged sections in India to connect to the banking system, Gates said: “India has all the pieces in place for a compelling vision for digital financial inclusion. Aadhar will convert a cumbersome, paper-based account opening process into a 30-second all- digital system.”<\/p>\n
The Aadhaar Unique ID system will also create a centralised data repository, he added. <\/p>\n
Speaking of Artificial Intelligence (AI), Gates, who co-chairs the Bill and Melinda Gates Foundation, said automation, cloud services and AI are poised to eliminate manufacturing jobs. <\/p>\n
Describing this as an opportunity for the Indian Information Technology sector, the Microsoft leader called for India to embrace these new technologies, despite the fears provoked by such rapid transformation. <\/p>\n
Aiming to work with the government on various issues including e-payments, digital health, digital literacy and e-agriculture in India, Gates held a meeting here with IT and Law Minister Ravi Shankar Prasad on Thursday. <\/p>\n","protected":false},"excerpt":{"rendered":"
Noting that India has great potential to become the most digitised economy globally in mere seven years, Microsoft founder Bill Gates has dubbed the government’s demonetisation measure as a “bold move” that will help in deflating the Indian shadow economy. “The Prime Minister‘s bold move to demonetise high-denomination notes and replace these with new ones […]<\/p>\n","protected":false},"author":2,"featured_media":83755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\n
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